The new phone is scheduled to be formally announced for Verizon's network on October 28. There is still no word on pricing but many pundits expect it to be around $200, with a service contract, to be competitive with the iPhone from AT&T.

The leaked information confirms the rumors swirling around the Droid (the name itself is licensed form George Lucas' Lucasfilms) since Verizon's controversial TV ads debuted this week, quietly but pointedly mocking a device dubbed the "iDon't" and promising that the Droid will do everything the iDon't doesn't.

Here's what the leak revealed:

- Almost identical in size to the iPhone: 2.4 x 4.6 x 0.5 inches; but quite a bit heavier at 6 oz. compared to 4.8 for iPhone

- Google Android 2.0, running on an unnamed 550-MHz processor (thought the smartphone site The Boy Genius Report, which claims to have handled a Droid prototype, says it's a TI OMAP3430); with a batch of email and PIM applications that sync with Google's online services; and a range of improvements and refinements over the original OS version

- Android's Webkit-based browser, speedier in Android 2.0, with support for HTML 5, which will allow the browser to store and run a range of code and user information; it will support Adobe Flash 10.1 when that code is released next year. [Learn how HTML 5 will impact mobile app development]